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Point and Figure method - trading journal
- Thread starter elit
- Start date
D - here we're also at the support. The option is to enter on the break through, or wait for pullback afterwards.
http://www.paf.am/?di=5OVB
http://www.paf.am/?di=5OVB
CLNE - We have already fallen through the support that has been in place since June. We had a pullback which I missed, and
now a double bottom pattern, one of the basic point & figure patterns.
http://www.paf.am/?di=28XM
now a double bottom pattern, one of the basic point & figure patterns.
http://www.paf.am/?di=28XM
Sundays are good for doing general market analysis before markets open on Monday. I'd rather take Friday afternoon off, and do it on Sundays instead.
S&P500 has been weaker than Nasdaq, on a long term scale - Big chart on the right is the Relative Strength of SPY and QQQ.
http://www.paf.am/?di=7TP7
This is normal. Now that we are on our way down I am assuming technology based Nasdaq will perform worse.
We did have an up day on Friday - but not very big, more of a breather. But still a heavy reversal with a close on the low end of the range. Tried to go up, closed down - if we can't go up, we will probably go down.
S&P500 has been weaker than Nasdaq, on a long term scale - Big chart on the right is the Relative Strength of SPY and QQQ.
http://www.paf.am/?di=7TP7
This is normal. Now that we are on our way down I am assuming technology based Nasdaq will perform worse.
We did have an up day on Friday - but not very big, more of a breather. But still a heavy reversal with a close on the low end of the range. Tried to go up, closed down - if we can't go up, we will probably go down.
Facebook stock technical analysis
Assuming Nasdaq will perform worse in a bear market, it is safe to assume FB will perform badly as it has since the IPO. Action has been terrible and I feel for the people who bought there and then on promises. Who dares touching this one now. There are some technical points to consider which can provide for good setups. A break out below the 18 level would mean to me that we are heading down again, a confirming pullback on low volume for added confidence. The action in the current trading range is quite erratic. I don't see real stopping action, more a low base type of pattern.
http://www.paf.am/?di=PKKU
Assuming Nasdaq will perform worse in a bear market, it is safe to assume FB will perform badly as it has since the IPO. Action has been terrible and I feel for the people who bought there and then on promises. Who dares touching this one now. There are some technical points to consider which can provide for good setups. A break out below the 18 level would mean to me that we are heading down again, a confirming pullback on low volume for added confidence. The action in the current trading range is quite erratic. I don't see real stopping action, more a low base type of pattern.
http://www.paf.am/?di=PKKU
Approaching or breaking nearest 45 degree point & figure trendlines:
AEE BREAKING:
http://www.paf.am/?di=K1SM
AEE BREAKING:
http://www.paf.am/?di=K1SM
PPL
Somewhat strong compared to the others, but at an interesting technical level
http://www.paf.am/?di=43MZ
Somewhat strong compared to the others, but at an interesting technical level
http://www.paf.am/?di=43MZ
EXC looks so bad it does not even fit into the percentage point & figure chart without zooming
http://www.paf.am/?di=LCP7
http://www.paf.am/?di=LCP7